PRESS RELEASE
Lisbon, Portugal – May 30th, 2024 – Chainwire
Azuro and Sophon have joined forces to enhance the development of prediction apps on the Sophon platform, leveraging their respective technologies.
The collaboration between Azuro, the onchain predictions layer, and Sophon, an emerging entertainment-focused modular network, will lead to ecosystem development initiatives that support builders of prediction applications. These applications will utilize both Azuro and Sophon’s combined infrastructure.
Sophon is specifically designed for high-throughput applications in gaming, artificial intelligence, and entertainment. Utilizing the ZK Stack, Sophon aims to become a leading provider in the blockchain-powered entertainment sector, utilizing one of today’s most future-proof Ethereum L2 solutions.
This user-centric focus aligns well with Azuro’s infrastructure, which allows developers to create prediction applications quickly and without upfront investment or running costs. The Azuro protocol provides all the necessary tools to run onchain apps without the need for smart contract development, thus lowering entry barriers into the prediction markets sector.
Through the Azuro SDK, businesses gain access to a unique liquidity pool design, advanced tooling, and oracle solutions, streamlining operational processes. This enables businesses to prioritize user acquisition, engagement, and monetization. Currently, Azuro powers over 26 active applications running on onchain prediction markets, with transaction volumes exceeding $340 million and liquidity sourced from over 4,500 providers.
Sophon recently raised a $10 million seed round in Q1 2024, led by Paper Ventures & Maven 11, with participation from Spartan Group, SevenX Ventures, OKX Ventures, and others. As a technology partner, Azuro joins the ranks of Sophon’s infrastructure partners, including zkSync and Beam.
The collaboration between Azuro and Sophon marks the beginning of an ambitious initiative to jointly incubate and support prediction applications on the Sophon ecosystem. To accelerate the adoption of Sophon-run, Azuro-built prediction apps, the two companies plan to launch a co-sponsored grant program.
About Azuro:
Azuro is the onchain predictions layer that offers modular tooling, oracle, and liquidity solutions for EVM chains to host powerful prediction and gaming apps. With its unique infrastructure layer approach, Azuro makes on-chain predictions and gaming portable and composable. It allows anyone to build apps, integrations, and products quickly, permissionlessly, and with zero upfront or running costs.
For more information or press inquiries, please contact [email protected]
Website: https://azuro.org/
Docs: https://gem.azuro.org
Github: https://github.com/Azuro-protocol
Onchain activity: https://dune.com/azuro/stats
About Sophon:
Sophon enhances the entertainment landscape with its modular Layer 2 solution, designed around the zkSync hyperchain and powered by the innovative ZK Stack. This blockchain network integrates artificial intelligence with gaming to offer developers and users a streamlined and engaging experience. Supported by prominent entities such as Paper Ventures, Maven 11, Matter Labs, Spartan, SevenX, OKX Ventures, and Lambda Class, Sophon has raised $60 million to advance its decentralized infrastructure.
Website: https://sophon.xyz/
Twitter: @sophon
Contact:
Azuro team
[email protected]
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